i call hormel an unlikely champion because the whole packaged food space has been out of favor for aow, wall street's worrying about the weight loss drugs. plus hormel had a big gap down last october when it rolled out some financial targets that wall street didn't love a little over two weeks ago the stock hit a 52-week low. but this morning hormel report aid stunning quarter with better than expected sales driven by 4% volume growth, not pricing, volume, and a 7% earnings beat off a 34-cent basis. that's really big. dmjt raise the full-year forecast the quarter itself was so strong it sent the stock into the stratosphere can it keep flying why don't we check in with jim snee, president and ceo of hormel foods mr. snee, welcome back to "mad money. >> it's great to be back with you, jim thanks for having me >> jim, this is just a stunning quarter. a lot of people didn't see it coming can you give us the breakdown of what made it happen? >> yeah, it was a really strong quarter, jim, and what was nice about it, it was so broad-based in the success it was across all our business segment

or hormel say it expects continued growth in its food service business, and investors absolutely loveigher by 13.a 5%. snowflake shares kind of melting at this hour, down 18 percent% -- 18% after the cloud data company posted disappointing product revenue guidance for the first quarter, on track for its worst day since it went public. the company also a announced the retirement of its longtime ceo who shepherded the entire ip if o. shootman will be replaced by a former google executive who joined last year with, saying snowflake needs executives with strong tech chops to lead the company9 into the anal of, you guessed it, a.i -- age of, you guessed it, a.i. >> we've got somebody with the tech chops already when it comes to the a. i. craze which has swept wall street to main street. the company with the ultimate ticker for the sector, yep, ai, is ready to pounce. c3ai's ceo is basking in last night's numbers that have the stock the moving higher. he's got details on the current quarter. is it as a sparkly as the one they just reported? the path to profitability. salesforce and intel at

of the day, the lessons here are extraordinary number of people who are taking the product i have hormelhe star of the s&p. >> duo lingo is one of the stars of the day. >> yes. >> and actually shockingly good. >> jeff martin, delivered the best of the utility quarters i've seen and jim snee, the stock up the most today in the s&p. i think that there's a protein revolution to go with the documentary, people are not realizing that you need protein with these drugs or you get frail very quickly. >> yes. >> loss of muscle mass with the glp-1. for a certain cohort above a certain age where it's harder to build muscle mass they can become - >> you mentioned oprah off weight watchers. >> shares down this morning. >> diet and exercise have failed america. >> failed you. >> i'm working out today at 4:00, and i'm proud of it. >> as you should be. >> thank you. >> that does it for another edition of this hour of "squawk on the street. we'll see jim cramer later on "mad money." you'll see me in the next hour we have breaking housing data when we come back. don't go anywhere. "what should we do with

do not miss the interview with hormel ceo . october feeling the love today, after the identity management company from underperform to a buy. it pointed to does -- customer growth concerns have lessened, not too shabby for 22% stock pricing increase for okta. >> not at all. not at all. we will continue to watch the nasdaq where you are. we will watch for that record today. we are just getting started and will be back to you hortly, up next, are the stocks too affect -- expensive? with the dean aswath damodaran, live in from the new york stock exchange, you're watching closing bellbc n. we earn your trust. maintain our financial strength and stability. and deliver solutions that meet complex needs. massmutual. partnering with financial professionals, benefits brokers, and institutions. - "best thing i've ever done." that's what freddie told me. - it was the best thing i've ever done, and- - really? - yes, without a doubt! - i don't have any anxiety about money anymore. - great people. different people, that's for sure, and all o

here are some of the names hitting 52-week lows, including hormel. as you see there.side, waste management climbing 5% and hitting a new all-time high after beating earnings estimates. they also had a good golf tournament in phoenix over the weekend. cigma, walmart and travelers also touching record highs today. >>> shares of jet blue taking off the activist investor carl e icahn. he took twa private in the late '80s and drove it into bankruptcy. for more on that story, go to cnbc.com. let's go to bertha for a news update. >> i remember flying twa. a federal judge has tossed a lawsuit from a major pharmaceutical lobby group that challenged medicare's new powers to negotiate prescription drug prices. the decision is a win for the biden administration, as it faces other legal challenges this the price talks. mexican armed forces said they found and broke down a secret meth mega laboratory, making it the largest drug lab bust ever with the current administration. the navy said it seized about 91,000 pounds of meth, and over a ton of chemicals used to make the drug. >>> w

but hormel is harder but it is processed food and protein, and i have got to do more digging.i don't think i would see a bottom in that stock, but thank you for the call and thank you for watching. home depot's management commentary tells me this is the right time to stick with them, and if the stock comes down, bye, bye, bye. [ indiscernible ] is the dividend going to grow? let's get the latest with the c.o.o. speaking of retail, the top takeaways of my huge conversation with doug mcmillan. the lightning round. stay with cramer. >> [ music ] - so this is pickleball? - pickle! ah, these guys are intense. with e*trade from morgan stanley, we're ready for whatever gets served up. dude, you gotta work on your trash talk. i'd rather work on saving for retirement. or college, since you like to get schooled. that's a pretty good burn, right? switch to shopify and sell smarter at every stage of your business. take full control of your brand with your own custom store. scale faster with tools that let you manage every sale from every channel. and sell more with the best converting che

jimmy: and finally, i thought this was odd take a look at this last one >> steamy, sensuous, spicy hormelchili for valentine's. [ laughter and applause >> jimmy: i meah, i don't know >> steve: hot beans. >> jimmy: that's good. i don't know ♪ >> steve: wow. >> jimmy: meanwhile, today in washington, first lady jill biden continued her tradition of decorating the white house lawn with giant valentine's day cards. take a look at this photo. [ audience aws ] yeah, yeah it's cute until biden spent all morning licking the envelopes. [ laughter ] and you go, "it's not real, joe. if that were any other yard, everyone driving by would be like, "that's sherry's house she is a lot." [ laughter ] well, president biden's age continues to be a topic of conversation and today, former president trump posted biden is not too old, he's too incompetent. [ audience oohs eventually, biden posted a a witty retort, then tagged the former president of albania. [ laughter ] well, people are talking about this last night, democrat tom suozzi won a special election for george santos' old congressional seat it's weir